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Desribe the policies the Wisconsin government has for each type of risk identified. (custodial credit risk, interest rate risk, investment risk, foreign currency risk) The
Desribe the policies the Wisconsin government has for each type of risk identified. (custodial credit risk, interest rate risk, investment risk, foreign currency risk)
The financial reports of governmental entities must provide footnote disclosure of the deposit and investment risks the entity faces. The GASB requires disclosures of (1) the nature of the deposits and of investment risks the governmental entity faces, (2) the governmental entity's policies regarding each of those risks, and (3) specific ones such as credit ratings of investments in fixed income securities and a schedule of their maturity dates and fair values; the types of other investment securities held and their amounts and fair values; any concentrations of investments, other than those in U.S. government securities or in mutual or pooled investment funds, consisting of 5 percent or more of total investments; and the risks from changing interest rates and changing foreign exchange rates Step by Step Solution
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